How many Learningrx outlets in Florida ceased operations for other reasons in 2022?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 0 | | 2024 | 0 | | | 2022 | 2 | | | Tennessee | 2023 | 0 | | 2024 | 0 | | | 2022 | 0 | | | Texas | 2023 | 0 | | 2024 | 1 | | | 2022 | 3 | | | Totals | 2023 | 0 |
| State | Year | Outlets at Start of the Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations- Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Colorado | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–53)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, in 2022, one Learningrx outlet in Florida ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor. This means that the franchise location closed for a different set of circumstances.
For a prospective franchisee, this data point from Item 20 provides insight into the stability and potential challenges within the Learningrx franchise system in Florida. Closures for 'other reasons' could encompass a variety of factors, such as financial difficulties, site-related issues, or failure to meet performance standards that did not result in formal termination.
Understanding the reasons behind such closures is crucial during due diligence. A potential franchisee should inquire with Learningrx about the specific reasons for this closure to assess whether similar risks could affect their own franchise. Investigating the circumstances can offer a clearer picture of the challenges and opportunities within the Florida market.